Blair William & Co. IL Trims Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Blair William & Co. IL trimmed its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 19.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,797 shares of the company’s stock after selling 426 shares during the period. Blair William & Co. IL’s holdings in Grand Canyon Education were worth $311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. OneDigital Investment Advisors LLC purchased a new stake in shares of Grand Canyon Education in the first quarter valued at about $232,000. Convergence Financial LLC purchased a new position in Grand Canyon Education during the first quarter worth about $249,000. Bessemer Group Inc. raised its holdings in Grand Canyon Education by 244.2% during the first quarter. Bessemer Group Inc. now owns 716 shares of the company’s stock worth $124,000 after purchasing an additional 508 shares in the last quarter. 111 Capital purchased a new position in Grand Canyon Education during the fourth quarter worth about $528,000. Finally, Farther Finance Advisors LLC raised its holdings in Grand Canyon Education by 135.5% during the first quarter. Farther Finance Advisors LLC now owns 3,113 shares of the company’s stock worth $550,000 after purchasing an additional 1,791 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LOPE has been the subject of several analyst reports. Wall Street Zen raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Saturday. Barrington Research reissued an “outperform” rating and set a $215.00 price target on shares of Grand Canyon Education in a report on Thursday, August 7th. Finally, BMO Capital Markets cut their price target on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a report on Monday, July 7th.

Grand Canyon Education Trading Up 1.1%

Shares of LOPE opened at $198.00 on Wednesday. The firm’s 50-day moving average is $180.68 and its two-hundred day moving average is $180.23. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28. The firm has a market capitalization of $5.56 billion, a P/E ratio of 23.97, a PEG ratio of 1.44 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.16. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The company had revenue of $247.50 million for the quarter, compared to analyst estimates of $240.90 million. During the same period in the prior year, the business posted $1.19 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Grand Canyon Education Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.